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Commonly Asked Questions about Oklahoma Real Estate Deeds

0:00 0:35 In Oklahoma when we started they would sell a tax lien. And they paid all the way up to a magicMoreIn Oklahoma when we started they would sell a tax lien. And they paid all the way up to a magic interest rate of eight percent whoo.
A Lady Bird deed, also known as an enhanced life estate deed, is a legal document that allows an individual to pass property to beneficiaries while retaining a life estate in the property. However, Oklahoma does not recognize Lady Bird deeds.
Oklahoma deeds are recorded with the registrar of deedspart of the county clerks officeof the county where the real estate is situated. If a parcel rests in more than one county, a certified copy of a deed recorded in one county may be recorded in other counties. Recording Fees.
An interest in real estate may be titled in transfer-on-death form by recording a deed, signed by the record owner of the interest, designating a grantee beneficiary or beneficiaries of the interest. The deed shall transfer ownership of the interest upon the death of the owner.
You cannot use your will to revoke or override a TOD deed. How ownership is transferred. To get title to the property after your death, the beneficiary must record a sworn statement (affidavit) and a certified copy of the death certificate in the county clerks office within nine months of your death. (Okla.
Land ownership is a county record. Contact the County Clerks office for more information. Original survey plats and field notes are available online at the U.S. Department of the Interior Bureau of Land Managements Federal Land Records.
There are only five states that recognize lady bird deeds: Texas, Florida, Michigan, Vermont, and West Virginia. So you wont be able to use it if your property is in, say, California or New York (the former allows a different type of transfer-on-death deed, but the latter does not).
Disadvantages of a Lady Bird deed There is a fairly large mortgage balance on the property. You want more flexibility, such as being able to name an alternative beneficiary in the event the grantee dies before you do, in which case a trust may be better.